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LA HB671

Bill

Official Source

Status

Introduced

4/23/2025

Primary Sponsor

Brian Glorioso

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates a nonrefundable income tax credit for donations to nonprofit organizations that operate DCFS-licensed residential homes providing services to female adolescent victims of human trafficking
  • Credit equals the actual donation amount used for trafficking victim services or $30,000, whichever is less
  • Total credits capped at $300,000 per calendar year, distributed on a first-come, first-served basis
  • Unused credits may be carried forward for up to five taxable years; taxpayers cannot claim other state tax benefits for the same donation
  • Effective January 1, 2026, applying to taxable periods beginning on or after that date

Legislative Description

Establishes a tax credit for donations made to certain organizations serving victims of human trafficking (OR DECREASE GF RV See Note)

TAX CREDITS

Last Action

Read by title, under the rules, referred to the Committee on Ways and Means.

4/24/2025

Committee Referrals

Ways and Means4/24/2025

Full Bill Text

No bill text available